Jinko gets the same loan?

odyd12

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Posts: 1,886

Date of registration: Jan 3rd 2013

Stock Positions: Long: CSIQ, TSL

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Thursday, April 4th 2013, 6:45am

Jinko gets the same loan?

The term and amount is pretty same to SOL
http://finance.yahoo.com/news/jinkosolar…-090000565.html

So top companies are getting money, despite what Gordon and Jesse said.

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spinvestor

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Posts: 25

Date of registration: Nov 18th 2012

Stock Positions: TSL, SOL, CSIQ, JKS

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Thursday, April 4th 2013, 8:18am

Good sign for the top players. Wonder if they are using CDB's endorsement to attract interest for debt issuance later this year or early next year. As the industry sorts itself out over the next 1-2 years, I would expect Tier 1 players to try and get further out on the curve (not necessarily 15 years) as they look to get more stability on the liability side.

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Pop2mollys

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Thursday, April 4th 2013, 10:57am

Is it fair to say the companies getting loans after STP bk are the ones china feels are strongest and will continue to back as demand ramps? So JKs,TSL, and SOL in last couple weeks all got loans from CDB? YGE almost guaranteed to be next....

Long 80% CSIQ, 20% SOL

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Pop2mollys

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Thursday, April 4th 2013, 11:00am

BTW odyd any thoughts of challenging Jesse and Gordo? That would be amazing....

Long 80% CSIQ, 20% SOL

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solarcat

Unregistered

Thursday, April 4th 2013, 11:03am

With the balance sheet that YGE has as well as negative margins, I would not be surprised if CDB said no. TSL and SOL have positive margins at least and have shown that are making progress. I assume JKS as well even though they report April 10th.

This post has been edited 1 times, last edit by "solarcat" (Apr 4th 2013, 12:54pm)

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Pop2mollys

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Posts: 1,088

Date of registration: Jan 15th 2013

Stock Positions: CSIQ, SOL

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Thursday, April 4th 2013, 3:02pm

Wait I thought Gordo just said week or two ago YGE and TSL face problems paying debt? What just happened?

"Compared with Suntech, which couldn’t meet bond payments when due, Trina and Yingli have enough cash to meet their liabilities of convertible debt, Axiom’s Johnson said. Trina had $807 million in cash by the end of 2012, while Yingli had a cash balance of $490 million, according to data compiled by Bloomberg. Suntech and LDK haven’t reported 2012 results."

http://mobile.bloomberg.com/news/2013-04…-overnight.html

Long 80% CSIQ, 20% SOL